Remarks

Nestled between the esteemed ski resorts of Vail and Aspen, the Glenwood Springs Mall presents a lucrative opportunity for investors seeking to capitalize on the region's thriving tourist industry, with its prime location on 13.13 acres and direct visibility from I-70, a major transportation artery, making it easily accessible via a roundabout that facilitates smooth entry and exit from the property. As a hub of commercial activity in a town renowned for its natural beauty, rich history, and recreational opportunities, including the world's largest mineral hot springs pool and the final resting place of the legendary Doc Holiday, the Glenwood Springs Mall is well-positioned to attract a diverse range of tenants and customers alike, drawn by the area's unique blend of winter skiing, rafting, shopping, and gourmet dining experiences. With its 161,572 square feet of retail space, comprising numerous units of varying square footage, the mall offers a versatile canvas for redevelopment or repositioning, supported by a robust infrastructure that includes forced air natural gas heating, central air conditioning, and a large paved parking lot, thereby providing a compelling proposition for buyers seeking to tap into the local market's potential. Notably, the property is located within the City of Glenwood Opportunity Zone, offering tax incentives and benefits that further enhance its appeal to investors. By leveraging the mall's existing tenant base, the area's irresistible charm, and the associated tax benefits, a savvy investor can unlock new revenue streams and create a thriving commercial destination that caters to the needs of both locals and tourists, making the Glenwood Springs Mall an attractive acquisition opportunity for those seeking to make a meaningful investment in the region's vibrant economy.

Details

MLS#: 188532
Price: $14,700,000

Style: Commercial
Sq Ft: 161572
Year Built: 1981

County: Garfield
Tax Fee: 98702